- Hopscotch, a youth health tech startup, has raised a funding round led by Greycroft and Inspired Capital.
- The startup offers an all-in-one telehealth platform for youth mental health therapy.
- Hopscotch’s content catalog and tools help providers address common behavioral health issues.
A health tech startup is struggling to balance growing demand for mental health services with a stagnant supply from healthcare providers, and its founder just won over a slew of investors to back her all-in-one platform. -a behavioral health for young people.
Hopscotch has just raised an $8 million funding round led by Greycroft and Inspired Capital. New York Ventures, Remarkable Ventures, Watershed VC and Cold Start have also invested in the round, in addition to the founders of Elema, Genoa Telepsychatry and Firsthand – three mental health heavyweights in the startup world.
Hopscotch is a full-service telehealth platform that provides networked mental health care for children and adolescents. The startup offers a catalog of content and a slew of tools for providers to address common behavioral health issues, including anxiety, depression, and ADHD. Hopscotch’s platform also streamlines insurance and billing and provides clinicians with a peer support network and professional development opportunities to help them in their careers.
According to the Centers for Disease Control and Prevention, about one-fifth of children in the United States have a mental disorder such as ADHD, autism spectrum disorder, disruptive behavior disorder or Tourette’s syndrome, while providers suffer from burnout and leave the profession.
Lucy Deland, the Inspired Capital partner who invested in Hopscotch, told Insider the startup stands out in the market because it increases access to care while tackling the growing shortage of healthcare providers. mental.
“Sometimes access creates issues in terms of exposure to a lack of supply, and there’s a structural problem in that space in terms of missing clinicians,” she said. “Hopscotch understands the clinician side of things, and he’s really focused on taking great care of them and creating better access to digital tools.”
Marla Beyer, CEO and co-founder of Hopscotch, said focusing on providers is a key tenant of the startup, and she has recruited employees from Boston Children’s Hospital and the American Academy of Pediatrics to better support clinicians on the app.
“Hopscotch supports providers with the infrastructure to enable them to deliver quality care so they can make sessions as interactive as possible, allowing them to focus on delivering unparalleled care to children and families,” said she told Insider in a statement.
Youth mental health startups are booming and could become a $26 billion industry by 2027, as recently estimated by Telocity, the arm of Vinaj Ventures that invests exclusively in the space.
Unicorns Elemy, which provides digital care for autism, and GoGuardian, which monitors students’ online activity for risk of self-harm, were early winners in the youth mental health landscape and are rated at $1.15 billion and $1 billion, respectively.
Young startups Parallel Learning, a platform for learning disabilities, and Handspring Health, which combines virtual and in-person therapy for children, raised $20 million Series A and $6.2 million respectively, this spring.
Check out the 12-slide pitch deck Hopscotch used to secure $8 million in seed funding.